| Gold opened at 1232.50 U.S. session last night , then fell to the lowest level at 1231.50 before climbing to the highest level in 1239 as the dollar weakened when uncertainty in phased program of bond purchases the Fed's monthly accounting advantage . Forex Yard - Gold Trading Strategy Day 10/12 The level of technical support Resistance : 1294 - 1279 - 1252 Current Price : 1239.9 Pivot : 1252 |
Sell ??below 1252 target for the 1212-1194
Secondary strategy : If price break on 1252 targets for 1279-1294
Verdict : If price break the resistance movement in 1252 also slashed prices .
ScotiaMocatta - Identify trend gold price date 10/12
Gold opened at 1232.50 U.S. session last night , then fell to the lowest level at 1231.50 before climbing to the highest level in 1239 as the dollar weakened when uncertainty in phased program of bond purchases the Fed's monthly accounting advantage . After all , this metal selling pressure and closed in 1235 .
Thus, gold closed at stopping landmark in 1235 , this is the 2nd consecutive sessions . Resistance at 1240 , according to the Fibo 76.4 % margin in July and 8 , next resistance is 1258 , this is the highest level since the amplitude adjustment in the past few weeks . Support was lowest in 1180 .
The most recent price movements caused RSI bounced off 30th ( sometimes considered oversold ) , forward current levels 42 . However, real support for RSI is at 19.74 . MACD has generated a buy signal , though the general trend is still reduced but if break 1258 resistance , we will move to a neutral point .
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